2012-10-04 15:08:15 -
London, Ontario CANADA, October 04, 2012 /FSC/ - Tribute Resources Inc. (TRB - TSX Venture), ("Tribute") announced that a Notice of Intention to make a Normal Course Issuer Bid has been filed with and accepted by the TSX Venture Exchange to purchase up to 3,441,061 (a maximum of 5%) of its issued and outstanding Common Shares 68,821,223 Common Shares as at October 4, 2012 in a twelve-month period. The Issuer Bid will commence on the 13th day of October, 2012 and will terminate on the earlier of the 12th day of October, 2013 and the date on which the maximum number of Common Shares are purchased pursuant to the Issuer Bid. Purchases of Common Shares under the Issuer bid will
be effected through the facilities of the TSX Venture Exchange at the market price at the time of purchase.
The Corporation's board of directors and management believe that from time to time, the market price of its common shares may not reflect their underlying value and that the purchase of its common shares may represent an appropriate and desirable use of corporate funds. Tribute intends to fund the purchases out of available cash.
About Tribute Resources Inc.
Tribute is a Canadian publicly traded energy company incorporated under the Business Corporation Act of the Province of Alberta on May 15, 1997. Tribute's primary focus is on adding value to shareholders by developing and maintaining a long-term interest in market-based priced underground natural gas storage assets and renewable energy projects in the Province of Ontario. Tribute's objective is to build a company capable of delivering and sustaining long-term per share growth by developing energy projects that will generate stable long-term cash flow when fully operational. Tribute's business plan is to build upon its current asset base to identify, permit, develop, and construct projects that meet its threshold return criteria. Tribute creates value by identifying project opportunities, providing the expertise to develop the projects and maintaining an interest in the completed assets to build long-term stable utility quality cash flow from a strong and diversified energy related asset base. For more information please visit www.tributeresources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
CFO, Tribute Resources Inc.
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Source: Tribute Resources Inc. (TSX-V: TRB) www.tributeresources.com
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